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anaswer needed asap!! QUESTION 8 Presented below are selected accounts for San Marcos Corporation for December 31 of the current year. Credit Accounts Receivable-trade Building
anaswer needed asap!!
QUESTION 8 Presented below are selected accounts for San Marcos Corporation for December 31 of the current year. Credit Accounts Receivable-trade Building and Equipment Cash in bank-operating Interest Receivable Installment Receivables Merchandise Inventory Debit $720 1020 49 35 60 25 525 8 32 19 60 Notes Receivable-long term Petty Cash Prepaid Expenses --current Supplies Patent Accounts Payable-trade Accumulated Depreciation Additional Paid-in Capital Allowance for Uncollectible Accounts Cash Dividends Payable Common Stock-$1 par value Income Tax Payable Notes Payable--2 years Retained Earnings Unearned Revenues-2 years. Cash Dividends Declared Income Summary TOTALS 8 225 600 55 60 45 85 900 85 240 348 $3093 $3093 What are long-term assets for San Marcos Corporation? 1245 Step by Step Solution
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